Lens Technology Co (SZSE:300433) Effective Interest Rate on Debt % : 2.71% (As of Mar. 2024)

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What is Lens Technology Co Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Lens Technology Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥410 Mil. Lens Technology Co's average total debt for the quarter that ended in Mar. 2024 was ¥15,123 Mil. Therefore, Lens Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.71%.

Lens Technology Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Lens Technology Co's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lens Technology Co Effective Interest Rate on Debt % Chart

Lens Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.20

3.15

2.51

3.27

2.96

Lens Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.90	3.01	3.03	2.87	2.71

Competitive Comparison of Lens Technology Co's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Lens Technology Co's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lens Technology Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lens Technology Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lens Technology Co's Effective Interest Rate on Debt % falls into.

Lens Technology Co Effective Interest Rate on Debt % Calculation

Lens Technology Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -508.536	/	( (19018.93	+	15306.575)	/ 2 )
=	-1 * -508.536	/	17162.7525
=	2.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9157.035	+	9861.895
=	19018.93

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9609.037	+	5697.538
=	15306.575

Lens Technology Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -409.92	/	( (15306.575	+	14939.214)	/ 2 )
=	-1 * -409.92	/	15122.8945
=	2.71 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9609.037	+	5697.538
=	15306.575

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10148.624	+	4790.59
=	14939.214

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lens Technology Co (SZSE:300433) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Lens Technology Co Effective Interest Rate on Debt % Related Terms

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Lens Technology Co (SZSE:300433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lens Technology Co Ltd (SZSE:300433) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Liuyang Biomedical Park, Changsha, CHN, 410311

Website

http://www.hnlens.com

Lens Technology Co Ltd researches develop, produces, and sells protective glass touch panels in China. It offers protective window glass, touch screen unit, touch screen module, camera module, fingerprint module, and camera related products, as well as buttons, ceramics, metal parts, and other products. The company's products are used in mobile phones; tablet PCs, notebook computers, digital cameras, players, GPS navigation systems, automotive instrumentation, smart homes, medical equipment, and other areas.

Executives

Cai Xin Feng	Executives
Zhong Zhen Zhuo	Secretary Dong
Zhou Xin Yi	Director
Zhou Qun Fei	Directors, executives
Zhou Tian Shu	Securities Affairs Representative
Li Xiao Ming	Executives
Peng Meng Wu	Secretary Dong
Chen Xiao Qun	Supervisors
Liu Shu Guang	Executives
Kuang Hong Feng	Supervisors
Liu Wei	Executives
Xiao Qian Feng	Supervisors
Rao Qiao Bing	Executives
Rao Yu Lei	Independent director

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